The QQQQs just dont go down because there is 600,000 put options at 36 strike. Thats why all these tech shares just go nowhere. They can rally and the strike acts as support. The whole stock market is traded like one big commoditized joke
this is getting so boring. Stocks should be glad that oil and energy is high because it is the only think holding the spoos up. I love this csco nonsense after the close.
Normally, the next day after the fed is the real indication of market direction, but I think today was different. This was the end of a long tightening cycle. We want an economy that is so strong it doesnt care about tighter money. The signal from the fed is clear. Growth is slowing. Asset classes are going to correct. That means real estate, commodities, stocks. etc. If you are long and levered get out now.
